Articles by Khal
Latest from Khal
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South Korea Q1 GDP grows 1.8% QoQ, beats advance estimate
South Korea's economy expanded 1.8% in the first quarter of 2026, surpassing the initial forecast and marking the strongest quarterly growth since early 2021, driven by semiconductor exports and business investment.
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Humanity Protocol blames H token exploit on compromised developer machine
Humanity Protocol attributed a 447 million H token exploit to malware on a developer's machine that exposed private keys, not a smart contract flaw. The incident drained Ethereum bridges and enabled unauthorized mints on BSC.
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Microsoft and KPMG extend partnership to integrate agentic AI across enterprise
Microsoft and KPMG have deepened their alliance to scale enterprise AI by integrating Microsoft Agent 365 with KPMG's governance framework, enabling secure deployment of AI agents across global organizations and wider adoption of Microsoft 365 Copilot across KPMG's 276,000-person workforce.
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Jupiter forced to sell TSMC, Samsung, MediaTek over AI rally concentration risk
Jupiter Asset Management's Asia Equity Income fund sold positions in three major semiconductor stocks after their AI-driven surge made them too large within regional benchmarks, violating portfolio concentration rules and exposing structural risks in Asian markets.
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FCA proposes 10% crypto ETN limit for UK retail investment funds
The Financial Conduct Authority proposed allowing certain retail investment funds to hold up to 10% of their assets in cryptocurrency exchange-traded notes, a step forward after lifting its ban on retail crypto products last October.
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Janus Henderson invests in Ethena, integrates USDe for treasury management
Janus Henderson, managing $480 billion in assets, invested in Ethena's ENA token and plans to use its USDe stablecoin for cash management and institutional distribution through exchange-traded products.
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Nansen integrates Hyperliquid perps as onchain derivatives hit $625B
Nansen integrated Hyperliquid perpetuals trading into its agentic platform, allowing users to trade crypto and traditional assets onchain with AI-driven insights. Hyperliquid processed over $625 billion in Q1 2026 volume, dominating the onchain derivatives sector.
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Morpho Raises $175M from Paradigm, a16z Crypto for Onchain Credit
Morpho secured $175 million in funding from Paradigm, a16z crypto, and Ribbit Capital as the lending protocol positions itself as infrastructure for institutional credit markets moving to blockchain.
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Bitcoin's $10B liquidation wave exposes leverage buildup as AI capital flows accelerate
Bitcoin fell nearly 14% last week, triggering $10 billion in liquidations as traders who had rebuilt derivatives leverage faced forced selling. Capital rotation toward artificial intelligence and private technology deals has shifted investor appetite away from crypto.
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Bitcoin falls to $62,500 as global risk rally pressures crypto
Bitcoin fell 1% to $62,500 on Tuesday, down nearly 3% from Monday's high, as equities rallied globally and traders braced for May inflation data and potential Fed rate hikes.
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Bitcoin faces capital reallocation as mega-IPO wave targets institutional pools
OpenAI's confidential S-1 filing and a record $160 billion IPO pipeline threaten to redirect the institutional capital that drove Bitcoin to $126,000, as AI and semiconductor stocks increasingly compete for the same risk-appetite allocation.
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Humanity Protocol's $36M Exploit: Multisig Keys Stored on Single Laptop
Attackers stole more than $36 million of Humanity Protocol's H token after compromising an employee's laptop that held multiple keys controlling the project's bridges on Ethereum and BNB Chain, exposing a critical security failure at the Pantera-backed startup.
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Bitcoin's $63K bounce: relief rally or bullish revival? $68K–$80K key
Bitcoin bounced above $63,000 after falling below $60,000 on Friday, but analysts warn the recovery is a relief rally, not a regime shift. Key resistance levels at $68,000 and $79,000-$80,000 will determine if the upside persists amid persistent ETF outflows and elevated inflation data.
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Ripple CTO Emeritus Schwartz Explains XRP Ledger Design in Poem
David Schwartz, Ripple's CTO emeritus and co-creator of the XRP Ledger, responded to an X user's dismissal with a lengthy poem explaining his role and the ledger's design, drawing on 15 years of crypto experience.
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Strategy's $101M Bitcoin buy fails to budge BTC price
Strategy bought 1,550 BTC for $101 million on Monday, but Bitcoin remained near $62,600 on Tuesday as investors adopted a cautious stance ahead of U.S. inflation data and next week's Federal Reserve meeting.
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Circle launches cirBTC on Ethereum to compete in wrapped bitcoin market
Circle Internet launched cirBTC, a 1:1 bitcoin-backed token on Ethereum, to let traders access their bitcoin holdings in DeFi protocols and compete with Coinbase's cbBTC and BitGo's wBTC.
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Blackstone packages $2B in private fund stakes into collateralized fund obligation bonds
Blackstone is marketing a collateralized fund obligation deal worth more than $2 billion in private fund stakes, a transaction that ranks among the largest secondary-market CFO deals in recent years and could reshape how asset managers address liquidity constraints.
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Schroders shifts to Italian bonds, cuts Treasuries and Bunds
UK asset manager Schroders has built an overweight position in 10-year Italian government bonds while reducing holdings in US Treasuries and German Bunds, betting that Italy's risk premium no longer justifies the yield differential.
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Tencent launches $4 billion dual-currency bond offering
Tencent Holdings launched a $4 billion dual-currency bond sale spanning two currencies and four maturities, marking its first dollar issuance since April 2021. Order books exceeded $6 billion on launch day, reflecting strong investor confidence despite China's ongoing tech regulation scrutiny.
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Phinergy's aluminum-air tech selected by Google-Microsoft data center consortium
Israeli clean energy company Phinergy's aluminum-air generator technology was selected by the Net Zero Innovation Hub for Data Centers, a consortium including Google and Microsoft, chosen from over 70 competing proposals.
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Coinbase and Cardless Launch Stablecoin-Backed Credit Card
Coinbase and Cardless unveiled a credit card for stablecoin holders unable to qualify for traditional unsecured credit, with cardholders paying $49.99 and earning yield on sequestered USDC collateral.
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Over 200 crypto firms urge Senate to pass CLARITY Act before midterms
More than 200 crypto companies and organizations signed a letter pressing Senate leaders to schedule a vote on the CLARITY Act, which would outline SEC and CFTC regulation of digital assets, before the November midterm elections.
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Saudi Aramco cuts July Asia crude prices $6 as demand softens
Saudi Aramco slashed official selling prices for crude shipments to Asia by $6 per barrel in July, marking the second consecutive monthly cut and signaling weakening demand from Chinese refiners amid geopolitical premiums that remain elevated above pre-conflict levels.
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Israel-Iran strikes trigger Bitcoin dip to $63K as ceasefire collapses
Bitcoin dipped toward $63,000 as renewed hostilities between Israel and Iran shattered a two-month ceasefire on June 7, before recovering once a new pause took hold on June 8. The clashes underscore crypto's sensitivity to geopolitical shocks.